Exchange rate, costs dent Australian mining sector

摘要

The high prices enjoyed by the country's major exporting commodities-iron ore and coal-will not last and “a significant supply side response [from Brazil and West African nations] was already underway [which] will lead to price stabilization or declines [in the commodities' prices] in coming years,” the report said. MCA said Australia has lost its operating costs advantage for all but key established Pilbara iron ore projects.